Klaytn - Substrate chain

 

Klaytn

Klaytn recently announced the collaboration with Parity to build a Substrate-based Klaytn chain, Klaytn-Substrate.  Parity, using its Substrate SDK, is perfectly positioned to help Klaytn explore the possibilities of a true multi-chain environment and achieve its vision for the metaverse in 2022 and beyond.

Klaytn-Substrate will initially serve as an alternate implementation of the Klaytn specification and as a sidechain to their main chain. It will be bridged to Polkadot and to the Klaytn mainnet to act as an intermediary environment where collaborative technological, business case, and community initiatives can combine in interesting and synergetic ways. 

Building out feature sets to capture and facilitate gaming and metaverse use cases on Klaytn’s existing mainnet and L2 architecture is still one of their key strategies. However, Klaytn-Substrate can act as a key “canary network” for them to safely, efficiently, and quickly capture new use cases, and new technologies, and provide their community with more options for building great things within the Klaytn ecosystem.

Once the Klaytn-Substrate chain is launched, the tech lead collaboration will continue with the development of new dApps for the chain, as well as porting over multi-chain launches of existing applications from both the Klaytn and Polkadot ecosystems. Parity and Klaytn’s teams will also work together to expand the network of enterprises building on Klaytn-Substrate, to encourage a diverse array of service providers and a rich and highly functional business ecosystem.

The collaborative Klaytn-Substrate project will allow them to expand into more areas and ecosystems beyond those enabled by their existing Service Chain L2 solution. With great adoption comes great responsibility, and as their community grows, so will the demand on our main network. From this, Substrate is a natural candidate for expansion and exploration, providing the Klaytn ecosystem with an additional stable, upgradable, and high throughput blockchain framework to support our thriving community.

“The collaboration with Parity is in line with our vision to create an interoperable blockchain platform for the metaverse. The Klaytn-Substrate will open up new possibilities for dApps to be developed in a multi-chain environment, to explore collaborative use cases between the Klaytn and Polkadot chains,” shared David Shin, Head of Global Adoption at Klaytn Foundation.

Omar Elassar, VP, Ecosystem Development at Parity Technologies, said: “We’re excited to work with Klaytn to help its onward journey as a major player in the metaverse and gaming. The team at Klatyn recognize that Substrate is the optimal SDK for technical and business use case exploration.”

A number of Substrate features gave them the confidence to embrace it as an additional implementation of the Klaytn vision. Due to its customization capabilities, the chain’s performance could be modulated to support applications with higher transaction throughputs, such as many of Klaytn’s DeFi applications. But additionally using its modular and innately extensible design allows for the addition of new runtime features, customizable consensus, and governance, EVM compatibility, as well as ability to perform live runtime updates. Substrate is the perfect SDK for Klaytn’s ecosystem growth ambitions for technical and business use case exploration. Not only does it provide the ability to build a highly customizable and future-proof blockchain with its own unique governance model, but it also allows them to rely on a battle-tested framework that takes the guesswork out of deployment.

Using Substrate means they can customize Klaytn-Substrate in a fast iterative manner to find the market fit and drive vision towards technical exploration while synergizing Klaytn-Substrate’s unique path with their existing proven network through bridging and interoperability functionality. Add to this the ability to easily and seamlessly bridge to Polkadot’s own secure, decentralized, and highly interoperable network, and it’s easy to see that this collaboration makes sense.

Great collaborations are built on trust and a shared vision, and this is what they find with Substrate. Klaytn’s ecosystem expansion will be secured using the performant, intuitive, and reliable infrastructure found in Substrate; and Substrate and Polkadot will continue to reach new heights of adoption with the support of Klaytn’s buoyant community. The collaboration is a positive flywheel for Parity, Klaytn, and all their users, and can’t wait to see it come to fruition.

About Klaytn
Klaytn is a public blockchain focused on the Metaverse, Gamefi, and the creator economy. Officially launched in June 2019, it is the dominant blockchain platform in South Korea and is now undergoing global business expansion from its international base in Singapore.

These business expansion activities are supported by the Klaytn Growth Fund, which aims to grow the ecosystem built on Klaytn. The fund is managed and disbursed by Klaytn Foundation, a Singapore-based non-profit organization established in August 2021.


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